The hottest Japanese chemical enterprises improve

2022-08-12
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Japanese chemical enterprises improve competitiveness through three pronged approach

integrate petrochemical business, extend industrial chain and expand foreign investment

although the financial crisis has passed, the Japanese petrochemical industry is currently facing challenges such as fierce competition in the international market and shrinking domestic demand. To this end, large-scale enterprises use their own capital and technological advantages to integrate traditional cracking industries, vigorously develop high value-added petrochemical products, and increase foreign investment to promote industrial restructuring and improve competitiveness

the ethylene industry has stepped up its integration. After a certain number of times, its disconnection rate has been examined.

the performance of Japan's ethylene industry in the first half of the year was considerable. However, with the successive production of large-scale petrochemical projects in the Middle East, many old ethylene cracking plants in Japan cannot compete with new large-scale ethylene plants with raw materials and strong domestic demand in the Middle East and China. Since the second half of this year, as domestic and foreign market demand has not improved much, and the yen has continued to strengthen, Japan's petrochemical industry has recovered slowly, and products are facing excess pressure. Ryota Hamamoto, a senior consultant in the chemical industry of Accenture Japan consulting company, predicts that due to the lack of competitiveness, a set of uncompetitive cracking units in Japan will be forced to shut down in the coming years, with a total annual ethylene production capacity of 1.5-2 million tons

due to the severe squeeze of market space and increasingly fierce competition, the integration plan between Japanese petrochemical enterprises, which has been brewing for several years, has finally begun to be implemented. Mitsubishi Chemical Corporation and Asahi Kasei Corporation, two major chemical companies in Japan, recently announced that they will start the cracking business in accordance with the increasing needs of the situation on April 1, 2011. Mitsubishi Chemical also said that due to the continuous decline in domestic ethylene demand in Japan, the cracking businesses of both sides will reduce production capacity after the merger and operation, and will eventually focus on one set of devices. At present, the two companies have an ethylene production capacity of 500000 tons/year in Shuidao, both of which were built in the 1960s

on October 1 this year, the cracking business of Mitsui chemical and chumitsu Xingchan in Chiba, Japan, was merged into a joint venture called Chiba chemical production company for operation, including the 553000 T/a ethylene capacity of Mitsui chemical and 374000 T/a ethylene capacity of chumitsu Xingchan in the local area. The two companies said that only through this cooperation can they enhance their competitiveness and not be eliminated by the market. On the basis of the successful operation of the cracking unit, the two sides plan to expand the business merger to the field of special chemicals, polymers and chemical intermediates

analysts said that in the future, Japan may further integrate the oil refining and petrochemical businesses in Kashima, Osaka and Kyushu, gradually reduce the production of polyethylene, ethylene glycol and styrene, avoid confrontation with similar products produced from ethane in the Middle East, and shift the focus to aromatics and vinyl functional chemicals with propylene as raw materials

aim at downstream business

in view of the current market environment, Japanese petrochemical enterprises have no longer regarded the traditional petrochemical industry as the main business for profit, but give full play to the technological and market advantages of high-tech products to occupy the high-end chemical market

Mitsui chemical, Mitsubishi Chemical and Sumitomo chemical, the three major petrochemical enterprises in Japan, have focused on extending the industrial chain and developing downstream businesses, improving the R & D and production capacity of petrochemical companies in the fields of special chemicals, polymers and key intermediates, and actively developing differentiated products such as functional resins, high-performance films, fine chemicals, pharmaceuticals and agricultural chemicals

Mitsubishi Chemical said it would focus on developing business areas such as lithium electronic battery materials and light-emitting diodes. Sumitomo chemical is also seeking opportunities for restructuring and acquisition in the fields of medicine and pesticides, and plans to produce organic light-emitting diode panels for large screen TVs. Asahi group plans to focus on developing water treatment systems and high-end medical and health care businesses

due to the global leading advantages of Japan's automotive and electronic industries, Japanese petrochemical enterprises have targeted a huge market for related materials. In the automotive field, polypropylene is the most used chemical product. At present, Mitsui chemical, Mitsubishi Chemical, Sumitomo chemical and others have provided polypropylene products to global automobile manufacturers. At the same time, plastic, rubber and fiber products with excellent heat resistance, low cost, noise and vibration reduction, alternative metal materials and other characteristics are generally favored; In the field of new energy vehicles, lithium-ion battery materials such as electrodes and diaphragms and related parts are also the focus of major chemical enterprises to seize the commanding heights of the future market; In the field of optoelectronics, LED materials and new circuit board materials have become the core business of Nippon Petrochemical Corporation

increase investment in foreign markets

while adjusting the domestic industrial structure, Japanese petrochemical manufacturers also set their sights on overseas markets, adopting joint ventures, direct investments, mergers and acquisitions with local petrochemical enterprises, making full use of local resources, markets and other advantages to expand their own production capacity

labig oil company, a joint venture between Sumitomo chemical and Saudi Aramco, is one of the largest petrochemical projects in the world. Due to its huge scale, the expansion project has been postponed several times. The company's 900000 ton/year polyethylene and 700000 ton/year polypropylene production units are expected to start making profits in fiscal 2010. The feasibility study of the second phase of the project to produce phenol, nylon resin and acrylic acid is expected to be completed in the fourth quarter of this year. In addition, the synthetic resin company invested by Sumitomo in Singapore will build a solution polymerized styrene butadiene rubber and vinyl acetate copolymer plant, and the specific plan will be released before the end of the year

Mitsubishi Chemical Company followed suit. On March 26th, 2010, Mitsubishi and Sinopec established Sinopec Mitsubishi Chemical polycarbonate (Beijing) Co., Ltd., which will affect the service life of the device. It plans to invest 2.2 billion yuan to produce polycarbonate, bisphenol A and other chemical products. In Saudi Arabia, Mitsubishi Group has carried out cooperative business with Saudi Basic Industries Corporation and plans to further cooperate in the production of methyl methacrylate and other chemical products. Mitsui chemical company plans to focus on the development of aromatics business. At present, it is preparing to further strengthen the cooperation with the error Petrochemical Company caused by the incorrect installation of Chinese 2 and experimental machines on bisphenol A, phenol and other products, and consider participating in the refinery project in Vietnam. At the same time, it also plans to expand its phenol and polypropylene production base in Singapore. Asahi is also expanding its core businesses such as acrylonitrile and synthetic rubber materials worldwide. The joint-venture acrylonitrile production project in Thailand is expected to be put into operation in 2011. In addition, it plans to invest in a new solution polymerized styrene butadiene rubber production plant in the Middle East and Singapore

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